Hey, I just made something up for the hell of it. Plus, mine was kind of to try and get people off his back. I made up the password part 'cause they were being assholes.
How 'bout this one: Itaku was a nice mod, who only banned the really bad people, but he accidentally banned a good person, then a lot of people kept spreading sh*t about him and Jiggmin being dead or power abuse, and he got tired and pissed about it. He gave one of his friends his password and said "These a*sholes are your problem now!" One day, his friends accidentally gave his password to a scammer, which now abuses his power, and claims he's the real Itaku.
@jodediah: the guys who made Halo3, and Recon is an armor that you can change about your character, but you have to do something unbelievable or be a Bungie employee to get it.